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Can I temporarily pause my daily loan repayments if I am ahead on my loan payments? I’m looking at just a few days to a week of pause.
And if so, how???
Unfortunately, that is not a part of the Square Loan process. When you are taking on the loan you agree to a set % to be taken out to repay the loan.
No, I have made the suggestion and I believe others should, that if you are X % ahead or behind on payments, that every 3 months the rate should be reviewed and the rate should go up or down to keep you on track for 1 year repayment.
Unfortunately, that is not a part of the Square Loan process. When you are taking on the loan you agree to a set % to be taken out to repay the loan.
I agree that the repayment rate needs reevaluation. It’s repaying 3x faster than nessesary and taking all my profits.
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